accrol papers limited
accrol papers limited Company Information
Company Number
03639930
Website
www.accrol.co.ukRegistered Address
delta building roman road, blackburn, BB1 2LD
Industry
Manufacture of household and sanitary goods and of toilet requisites
Telephone
01254278844
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
accrol holdings limited 100%
accrol papers limited Estimated Valuation
Pomanda estimates the enterprise value of ACCROL PAPERS LIMITED at £164.5m based on a Turnover of £264.5m and 0.62x industry multiple (adjusted for size and gross margin).
accrol papers limited Estimated Valuation
Pomanda estimates the enterprise value of ACCROL PAPERS LIMITED at £43.4m based on an EBITDA of £7.7m and a 5.64x industry multiple (adjusted for size and gross margin).
accrol papers limited Estimated Valuation
Pomanda estimates the enterprise value of ACCROL PAPERS LIMITED at £3.5m based on Net Assets of £2.2m and 1.55x industry multiple (adjusted for liquidity).
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Accrol Papers Limited Overview
Accrol Papers Limited is a live company located in blackburn, BB1 2LD with a Companies House number of 03639930. It operates in the manufacture of household and sanitary goods and of toilet requisites sector, SIC Code 17220. Founded in September 1998, it's largest shareholder is accrol holdings limited with a 100% stake. Accrol Papers Limited is a mature, mega sized company, Pomanda has estimated its turnover at £264.5m with high growth in recent years.
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Accrol Papers Limited Health Check
Pomanda's financial health check has awarded Accrol Papers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £264.5m, make it larger than the average company (£27.2m)
£264.5m - Accrol Papers Limited
£27.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (10.5%)
25% - Accrol Papers Limited
10.5% - Industry AVG
Production
with a gross margin of 14%, this company has a comparable cost of product (15.9%)
14% - Accrol Papers Limited
15.9% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (3.7%)
1.4% - Accrol Papers Limited
3.7% - Industry AVG
Employees
with 315 employees, this is above the industry average (94)
315 - Accrol Papers Limited
94 - Industry AVG
Pay Structure
on an average salary of £48.8k, the company has an equivalent pay structure (£42.3k)
£48.8k - Accrol Papers Limited
£42.3k - Industry AVG
Efficiency
resulting in sales per employee of £839.6k, this is more efficient (£390.8k)
£839.6k - Accrol Papers Limited
£390.8k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (59 days)
33 days - Accrol Papers Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 69 days, this is slower than average (57 days)
69 days - Accrol Papers Limited
57 days - Industry AVG
Stock Days
it holds stock equivalent to 36 days, this is less than average (59 days)
36 days - Accrol Papers Limited
59 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is average cash available to meet short term requirements (1 weeks)
1 weeks - Accrol Papers Limited
1 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.4%, this is a higher level of debt than the average (63.5%)
98.4% - Accrol Papers Limited
63.5% - Industry AVG
accrol papers limited Credit Report and Business Information
Accrol Papers Limited Competitor Analysis
Perform a competitor analysis for accrol papers limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
accrol papers limited Ownership
ACCROL PAPERS LIMITED group structure
Accrol Papers Limited has no subsidiary companies.
Ultimate parent company
2 parents
ACCROL PAPERS LIMITED
03639930
accrol papers limited directors
Accrol Papers Limited currently has 3 directors. The longest serving directors include Mr Gareth Jenkins (Sep 2017) and Mr Graham Cox (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gareth Jenkins | 56 years | Sep 2017 | - | Director | |
| Mr Graham Cox | 56 years | Jul 2019 | - | Director | |
| Mr Christopher Welsh | 34 years | Mar 2023 | - | Director |
ACCROL PAPERS LIMITED financials
Accrol Papers Limited's latest turnover from April 2023 is £264.5 million and the company has net assets of £2.2 million. According to their latest financial statements, Accrol Papers Limited has 315 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 264,488,000 | 145,429,000 | 124,599,000 | 134,773,000 | 119,111,000 | 139,738,000 | 134,163,000 | 118,219,000 | 101,056,000 | 87,662,000 | 74,832,000 | 63,489,000 | 50,045,136 | 38,171,686 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 227,459,000 | 122,569,000 | 92,474,000 | 105,239,000 | 101,559,000 | 115,232,000 | 96,766,000 | 83,730,000 | 75,850,000 | 63,696,000 | 52,778,000 | 45,726,000 | 38,324,478 | 27,942,668 |
| Gross Profit | 37,029,000 | 22,860,000 | 32,125,000 | 29,534,000 | 17,552,000 | 24,506,000 | 37,397,000 | 34,489,000 | 25,206,000 | 23,966,000 | 22,054,000 | 17,763,000 | 11,720,658 | 10,229,018 |
| Admin Expenses | 33,366,000 | 29,819,000 | 31,181,000 | 27,627,000 | 28,109,000 | 45,282,000 | 24,830,000 | 20,096,000 | 15,406,000 | 15,742,000 | 13,553,000 | 9,811,000 | 6,380,923 | 5,495,805 |
| Operating Profit | 3,663,000 | -6,959,000 | 944,000 | 1,907,000 | -10,557,000 | -20,776,000 | 12,567,000 | 14,393,000 | 9,800,000 | 8,224,000 | 8,501,000 | 7,952,000 | 5,339,735 | 4,733,213 |
| Interest Payable | 8,988,000 | 1,271,000 | 959,000 | 1,230,000 | 564,000 | 318,000 | 241,000 | 541,000 | 548,000 | 613,000 | 430,000 | 343,000 | 205,073 | 185,725 |
| Interest Receivable | 265,000 | 216,000 | 242,000 | 267,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 132 | 0 |
| Pre-Tax Profit | -5,060,000 | -8,014,000 | 227,000 | 944,000 | -11,121,000 | -21,094,000 | 12,326,000 | 13,852,000 | 9,252,000 | 7,611,000 | 8,071,000 | 7,609,000 | 5,134,794 | 4,547,488 |
| Tax | 1,190,000 | 1,488,000 | -304,000 | 97,000 | 1,761,000 | 3,702,000 | -2,227,000 | -1,979,000 | -1,664,000 | -1,589,000 | -1,896,000 | -1,851,000 | -1,383,018 | -1,301,655 |
| Profit After Tax | -3,870,000 | -6,526,000 | -77,000 | 1,041,000 | -9,360,000 | -17,392,000 | 10,099,000 | 11,873,000 | 7,588,000 | 6,022,000 | 6,175,000 | 5,758,000 | 3,751,776 | 3,245,833 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 910,000 | 0 | 1,500,000 | 3,600,000 | 2,196,000 | 2,245,000 |
| Retained Profit | -3,870,000 | -6,526,000 | -77,000 | 1,041,000 | -9,360,000 | -17,392,000 | 10,099,000 | 11,873,000 | 6,678,000 | 6,022,000 | 4,675,000 | 2,158,000 | 1,555,776 | 1,000,833 |
| Employee Costs | 15,382,000 | 13,385,000 | 17,788,000 | 15,952,000 | 14,000,000 | 14,302,000 | 11,661,000 | 9,927,000 | 7,108,000 | 4,973,000 | 4,630,000 | 3,689,000 | 2,475,295 | 2,070,461 |
| Number Of Employees | 315 | 286 | 389 | 418 | 388 | 510 | 508 | 460 | 26 | 241 | 214 | 149 | 103 | 77 |
| EBITDA* | 7,706,000 | -2,702,000 | 5,082,000 | 6,090,000 | -8,087,000 | -18,221,000 | 12,567,000 | 16,224,000 | 11,540,000 | 9,313,000 | 9,394,000 | 8,663,000 | 5,741,598 | 5,134,783 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 83,968,000 | 68,661,000 | 54,991,000 | 48,981,000 | 30,915,000 | 24,623,000 | 27,341,000 | 24,271,000 | 22,586,000 | 15,880,000 | 10,529,000 | 10,752,000 | 7,457,706 | 5,180,754 |
| Intangible Assets | 5,304,000 | 5,545,000 | 3,345,000 | 3,256,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 8,671,000 | 8,074,000 | 7,542,000 | 7,504,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 84,218,000 | 70,457,000 | 55,821,000 | 50,436,000 | 30,915,000 | 24,623,000 | 27,341,000 | 24,271,000 | 22,586,000 | 15,880,000 | 10,529,000 | 10,752,000 | 7,457,706 | 5,180,754 |
| Stock & work in progress | 22,927,000 | 19,907,000 | 16,867,000 | 9,373,000 | 11,162,000 | 14,057,000 | 14,981,000 | 9,361,000 | 9,381,000 | 9,124,000 | 7,943,000 | 7,992,000 | 3,109,983 | 2,929,130 |
| Trade Debtors | 23,970,000 | 20,814,000 | 14,824,000 | 16,909,000 | 20,981,000 | 27,845,000 | 22,690,000 | 20,708,000 | 19,144,000 | 16,759,000 | 14,442,000 | 12,991,000 | 9,127,134 | 7,301,150 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,931,000 | 1,032,000 | 4,500,000 | 1,500,000 | 0 | 0 | 0 |
| Misc Debtors | 3,602,000 | 4,211,000 | 2,672,000 | 3,771,000 | 2,064,000 | 2,019,000 | 1,006,000 | 523,000 | 154,000 | 940,000 | 1,614,000 | 573,000 | 717,072 | 478,250 |
| Cash | 3,393,000 | 62,000 | 5,850,000 | 8,147,000 | 2,166,000 | 134,000 | 3,554,000 | 2,135,000 | 675,000 | 12,000 | 542,000 | 11,000 | 4,901 | 30,403 |
| misc current assets | 1,097,000 | 1,508,000 | 675,000 | 677,000 | 241,000 | 2,198,000 | 841,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 54,989,000 | 46,502,000 | 40,888,000 | 38,917,000 | 36,614,000 | 46,253,000 | 43,072,000 | 39,658,000 | 30,386,000 | 31,335,000 | 26,041,000 | 21,567,000 | 12,959,090 | 10,738,933 |
| total assets | 139,207,000 | 116,959,000 | 96,709,000 | 89,353,000 | 67,529,000 | 70,876,000 | 70,413,000 | 63,929,000 | 52,972,000 | 47,215,000 | 36,570,000 | 32,319,000 | 20,416,796 | 15,919,687 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 295,000 | 0 | 327,000 | 318,116 | 2,056,021 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 43,337,000 | 33,343,000 | 24,091,000 | 17,099,000 | 11,107,000 | 8,859,000 | 15,156,000 | 7,726,000 | 9,491,000 | 7,123,000 | 8,156,000 | 9,046,000 | 6,415,205 | 5,591,922 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000 | 28,000 | 370,000 | 4,921 | 0 |
| other short term finances | 20,483,000 | 15,630,000 | 120,000 | 11,817,000 | 13,690,000 | 18,677,000 | 9,523,000 | 7,485,000 | 5,829,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 7,333,000 | 3,235,000 | 8,837,000 | 4,704,000 | 1,383,000 | 223,000 | 186,000 | 3,605,000 | 5,566,000 | 2,134,000 | 1,375,000 | 1,357,000 | 899,058 | 681,132 |
| other current liabilities | 36,474,000 | 35,410,000 | 40,561,000 | 32,750,000 | 31,544,000 | 26,432,000 | 14,311,000 | 4,397,000 | 5,167,000 | 14,067,000 | 11,925,000 | 9,731,000 | 4,596,396 | 2,064,722 |
| total current liabilities | 107,627,000 | 87,618,000 | 73,609,000 | 66,370,000 | 57,724,000 | 54,191,000 | 39,176,000 | 23,213,000 | 26,053,000 | 23,624,000 | 21,484,000 | 20,831,000 | 12,233,696 | 10,393,797 |
| loans | 58,664,000 | 47,364,000 | 22,510,000 | 27,720,000 | 4,472,000 | 608,000 | 1,210,000 | 14,464,000 | 10,888,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 29,332,000 | 23,682,000 | 11,255,000 | 13,860,000 | 2,236,000 | 304,000 | 368,000 | 7,232,000 | 5,444,000 | 5,221,000 | 2,789,000 | 3,958,000 | 2,984,053 | 2,031,478 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 766,000 | 4,280,000 | 5,574,000 | 3,464,000 | 3,142,000 | 2,746,000 | 1,124,000 | 1,073,000 | 981,000 | 808,024 | 659,165 |
| total long term liabilities | 29,332,000 | 23,682,000 | 11,255,000 | 14,243,000 | 4,376,000 | 3,091,000 | 2,574,000 | 8,803,000 | 6,817,000 | 6,345,000 | 3,862,000 | 4,939,000 | 3,792,077 | 2,690,643 |
| total liabilities | 136,959,000 | 111,300,000 | 84,864,000 | 80,613,000 | 62,100,000 | 57,282,000 | 41,750,000 | 32,016,000 | 32,870,000 | 29,969,000 | 25,346,000 | 25,770,000 | 16,025,773 | 13,084,440 |
| net assets | 2,248,000 | 5,659,000 | 11,845,000 | 8,740,000 | 5,429,000 | 13,594,000 | 28,663,000 | 31,913,000 | 20,102,000 | 17,246,000 | 11,224,000 | 6,549,000 | 4,391,023 | 2,835,247 |
| total shareholders funds | 2,248,000 | 5,659,000 | 11,845,000 | 8,740,000 | 5,429,000 | 13,594,000 | 28,663,000 | 31,913,000 | 20,102,000 | 17,246,000 | 11,224,000 | 6,549,000 | 4,391,023 | 2,835,247 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,663,000 | -6,959,000 | 944,000 | 1,907,000 | -10,557,000 | -20,776,000 | 12,567,000 | 14,393,000 | 9,800,000 | 8,224,000 | 8,501,000 | 7,952,000 | 5,339,735 | 4,733,213 |
| Depreciation | 4,043,000 | 4,257,000 | 4,138,000 | 4,183,000 | 2,470,000 | 2,555,000 | 1,831,000 | 1,740,000 | 1,089,000 | 893,000 | 711,000 | 401,863 | 401,570 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 1,190,000 | 1,488,000 | -304,000 | 97,000 | 1,761,000 | 3,702,000 | -2,227,000 | -1,979,000 | -1,664,000 | -1,589,000 | -1,896,000 | -1,851,000 | -1,383,018 | -1,301,655 |
| Stock | 3,020,000 | 3,040,000 | 7,494,000 | -1,789,000 | -2,895,000 | -924,000 | 5,620,000 | -20,000 | 257,000 | 1,181,000 | -49,000 | 4,882,017 | 180,853 | 2,929,130 |
| Debtors | 3,144,000 | 8,061,000 | -3,146,000 | 5,139,000 | -6,819,000 | 6,168,000 | -4,466,000 | 7,832,000 | -1,869,000 | 4,643,000 | 3,992,000 | 3,719,794 | 2,064,806 | 7,779,400 |
| Creditors | 9,994,000 | 9,252,000 | 6,992,000 | 5,992,000 | 2,248,000 | -6,297,000 | 7,430,000 | -1,765,000 | 2,368,000 | -1,033,000 | -890,000 | 2,630,795 | 823,283 | 5,591,922 |
| Accruals and Deferred Income | 1,064,000 | -5,151,000 | 7,811,000 | 1,206,000 | 5,112,000 | 12,121,000 | 9,914,000 | -770,000 | -8,900,000 | 2,142,000 | 2,194,000 | 5,134,604 | 2,531,674 | 2,064,722 |
| Deferred Taxes & Provisions | 0 | 0 | -766,000 | -3,514,000 | -1,294,000 | 2,110,000 | 322,000 | 396,000 | 1,622,000 | 51,000 | 92,000 | 172,976 | 148,859 | 659,165 |
| Cash flow from operations | 13,790,000 | -8,214,000 | 14,467,000 | 6,521,000 | 9,454,000 | -11,829,000 | 4,294,000 | 6,578,000 | 3,060,000 | 4,951,000 | 6,148,564 | 5,616,737 | 1,440,407 | |
| Investing Activities | ||||||||||||||
| capital expenditure | -461,605 | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -461,605 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,000 | -23,000 | -342,000 | 365,079 | 4,921 | 0 |
| Other Short Term Loans | 4,853,000 | 15,510,000 | -11,697,000 | -1,873,000 | -4,987,000 | 9,154,000 | 2,038,000 | 1,656,000 | 5,829,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 11,300,000 | 24,854,000 | -5,210,000 | 23,248,000 | 3,864,000 | -602,000 | -13,254,000 | 3,576,000 | 10,888,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 9,748,000 | 6,825,000 | 1,528,000 | 14,945,000 | 3,092,000 | -27,000 | -10,283,000 | -173,000 | 3,655,000 | 3,191,000 | -1,151,000 | 1,431,889 | 1,170,501 | 2,712,610 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -8,723,000 | -1,055,000 | -717,000 | -963,000 | -564,000 | -318,000 | -241,000 | -541,000 | -548,000 | -613,000 | -430,000 | -343,000 | -204,941 | -185,725 |
| cash flow from financing | 17,637,000 | 46,474,000 | -12,914,000 | 37,627,000 | 2,600,000 | 10,530,000 | -35,089,000 | 4,456,000 | 15,997,000 | 2,555,000 | -1,923,000 | 1,453,945 | 970,481 | 4,361,299 |
| cash and cash equivalents | ||||||||||||||
| cash | 3,331,000 | -5,788,000 | -2,297,000 | 5,981,000 | 2,032,000 | -3,420,000 | 1,419,000 | 1,460,000 | 663,000 | -530,000 | 531,000 | 6,099 | -25,502 | 30,403 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -295,000 | 295,000 | -327,000 | 8,884 | -1,737,905 | 2,056,021 |
| change in cash | 3,331,000 | -5,788,000 | -2,297,000 | 5,981,000 | 2,032,000 | -3,420,000 | 1,419,000 | 1,460,000 | 958,000 | -825,000 | 858,000 | -2,785 | 1,712,403 | -2,025,618 |
P&L
April 2023turnover
264.5m
+82%
operating profit
3.7m
-153%
gross margin
14.1%
-10.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
2.2m
-0.6%
total assets
139.2m
+0.19%
cash
3.4m
+53.73%
net assets
Total assets minus all liabilities
accrol papers limited company details
company number
03639930
Type
Private limited with Share Capital
industry
17220 - Manufacture of household and sanitary goods and of toilet requisites
incorporation date
September 1998
age
26
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
delta building roman road, blackburn, BB1 2LD
last accounts submitted
April 2023
accrol papers limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 21 charges/mortgages relating to accrol papers limited. Currently there are 6 open charges and 15 have been satisfied in the past.
accrol papers limited Companies House Filings - See Documents
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